Ernest L Ruth E and Frances E Fentress

DALLAS, TX EIN: 93-6353662

Ernest L Ruth E and Frances E Fentress is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.9M in total assets. In 2024, it awarded 2 grants totaling $787K. Net investment income was $779K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.9M

-0.6% YoY

Annual Giving

$787K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$393K

+0.0% YoY

Under IRS private-foundation payout rules, Ernest L Ruth E and Frances E Fentress reported a distributable amount of $751K for 2024 — the minimum it must pay out in qualifying distributions.

About Ernest L Ruth E and Frances E Fentress

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $3.6M (100%)

States

Virginia

Cities

NorfolkVirginia Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,925,722	$7,976,245	$7,690,444
Revenue	$820,707	$1,138,671	$647,285
Expenses	$873,209	$851,942	$1,236,138
Qualifying Distributions	$812,492	$808,568	$1,192,422
Net Investment Income	$778,979	$1,101,389	$610,877
Distributable Amount	$751,147	$635,218	$631,899

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Union Mission ($393,328), The Salvation Army ($393,328).

Recipient	Purpose	Amount
THE UNION MISSION VIRGINIA BEACH, VA	UNRESTRICTED GENERAL	$393,328
THE SALVATION ARMY NORFOLK, VA	UNRESTRICTED GENERAL	$393,328

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$64,035
CHARLES F LESTER	CO-TRUSTEE	20	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ernest L Ruth E and Frances E Fentress?

Ernest L Ruth E and Frances E Fentress is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $7.9M in total assets as of 2024.

How large is Ernest L Ruth E and Frances E Fentress?

As of 2024, Ernest L Ruth E and Frances E Fentress holds $7.9M in total assets with $821K in annual revenue. It awarded 2 grants totaling $787K in 2024.

Where does Ernest L Ruth E and Frances E Fentress operate?

Ernest L Ruth E and Frances E Fentress has awarded grants in Virginia.

What size grants does Ernest L Ruth E and Frances E Fentress award?

In 2024, Ernest L Ruth E and Frances E Fentress awarded 2 grants totaling $787K — an average of about $393K per grant, based on its IRS Form 990 filings.

How much is Ernest L Ruth E and Frances E Fentress required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ernest L Ruth E and Frances E Fentress reported a distributable amount of $751K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Ernest L Ruth E and Frances E Fentress's EIN?

Ernest L Ruth E and Frances E Fentress's EIN (Employer Identification Number) is 93-6353662. IRS Form 990 filing data is available on this page for 2020–2024.